Since the smoking ban, there have been a considerable number of individuals who have kicked the habit and subsequently discovered that they have seen reductions in the amount their insurance premiums have cost them over the last few years.

It is because smokers are seen as being more of a higher risk to insurance companies than non smokers, whether insuring your home against the possibilities of a fire occurring or less risk of developing a smoking related disease such as lung cancer or emphysema, leading you to become unable to continue working. As a result, smokers face more expensive insurance policies determined by insurance providers as being ‘smokers rates’ – extra charges added to policies because of the added risks involved.

It is with this – that if you are a smoker and do successfully give up smoking, you will surely benefit financially, by saving the money you would have spent on cigarettes or tobacco, gaining a healthier lifestyle and experience lower insurance premiums, all terrific bonuses for giving up that little white stick isn’t it? Because there are so many well documented health issues that are attributed directly and indirectly to smoking, giving up can really turn the tables for you. Stopping smoking probably had not crossed the minds of individuals who never properly understood the financial benefits involved in being free of cigarettes.

There is just one small setback if you are thinking of giving up smoking to lower the cost of premiums that are in place for insurance policies, for many providers, the criteria to be met is to have not smokes for at least 12 months before being completely eligible for a reduced rate on your insurance premiums. With many income protection insurance companies you can discover a helpful and professional service that will take into account whether you smoke, have never smoked or if you have recently giving up the harmful habit. Call on one of the many professionals to discover how you could save on your premiums today.